One of the most essential elements of any business is their data, both generated and acquired. Rightly said, data is the modern oil and consequently, analysis is the mining machine. The possibilities which business analytics bring to the table are endless and a dedicated analytics team is a common sight in every business.
MBA is one of the most prestigious courses in India and is highly valued on a candidate’s resume. MBA in business analytics is the path towards learning the A-Z of this vast field. The two-year program guides you to understand key data analysis and use various tools and aspects towards bringing out key insights into business management through generated and practical insights. PISM, Bangalore and NIU, Noida are big names when it comes to MBA in business analytics which provides their students with ample opportunities to grow and succeed.
Though MBA, in general, develops one’s core business management skills and helps to excel in a career, specifically an MBA in business analytics equips an individual with certain skills, which with careful development bloom into a hefty set of tools to analyze business performance, profits, and growth. The sea of skills which an MBA in business analytics exposes you too are:
– Marketing analytics
– Finance analytics
– Principles of management science
– Spreadsheet modeling
– Data mining
– Forecasting and modeling
– Business statistics
Evidently, analytics is more mathematical and inclined towards a thorough understanding of software in comparison to other MBA specializations, yet it requires the most business sense to derive insights and conclusions that would affect the entire company and its processes. It is vital to maintain a balance and colleges like PISM, Bangalore aim specifically at teaching to strike both rods with equal strength.
What to expect after graduating with an MBA in business analytics?
Majorly, jobs and placements are the primary motivations of any MBA aspirant and analytics gives you a front door entry into the vast open arena of interesting and growth-oriented fields. With the rapidly growing technology, there is a high demand for an individual who can work with data and also make business decisions. Some jobs to expect after graduating from top colleges like IIMs and PISM, Bangalore is:
– Quantitative analyst
– Data scientist
– Market research analyst
– Predictive modeler
– SAS programmer
– Data mining expert
– Big data expert
– Business analyst
Don’t fret if you’re not a BBA graduate and these terms sound alien to you. All you need to chase your dream is to have a bachelor’s degree and be well versed in basic mathematics and statistics.
Which colleges are best for an MBA in Business Analytics?
Coming to the main point- colleges, there are a number of different institutions from around the country which offer the course but selecting a good one becomes important to progress in the right direction. Based on all aspects from placements to infrastructure, here are the top 3 colleges for MBA in business analytics-
- INDIAN INSTITUTE OF MANAGEMENT, BANGALORE – There are very few names that turn the heads of not just management aspirants but almost everyone. A crafted brand name, IIM-B has one of the best placements for an MBA in business analytics with an average salary of close to 25 LPA. More than India, its name speaks in its glory throughout the globe. CAT is held every year for admissions to IIMs and other tier-1 colleges and if you’re someone looking for exponential growth and global business exposure, don’t even think twice!
- SYMBIOSIS CENTRE FOR INFORMATION TECHNOLOGY, PUNE – Affiliated with one of the top brand names in education, SCIT is one of the leading names when it comes to a well-crafted and balanced course structure. Globally ranked 32 by The Week in 2020, the campus is visited by big MNCs like Accenture, Amex, Axis bank, McKinsey, and BCG. The college boasts modern infrastructure with all facilities on campus and believes in the practical and hands-on engagement of students through workshops, projects, and internships.
- PISM, Bangalore – Established in 2006 as a private institution, PISM, Bangalore has one of the most well-trained and experienced faculty. The college is highly focused on experience and blurs out the line between the classroom and professional space. Visited by companies like Amazon, IBM, and Axis Bank, the institute ensures that every student is well placed. With a beautiful and resourceful infrastructure, PISM, Bangalore makes to the list of the top colleges for MBA in business analytics.
A well-trained, analytical mind, some business sense, and a drive to succeed are all you need to kick-start your career in business analytics. With the right focus and the right college, you too can climb up the ladder of success and in this lucrative field!